@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

NSE goes public with 2.5 billion ordinary shares in an unanimous vote by the members
By Titobioluwa Okunade- March 4, 2020

https://nairametrics.com/2020/03/04/nse-goes-public-with-2-5-billion-ordinary-shares-in-unanimous-vote-by-the-members/

The Nigerian Stock Exchange (NSE) is going to be publicly listed with an authorized share capital of 1.25 billion, consisting of 2.5 billion ordinary shares at 50k per share, as the NSE’s dealing and ordinary members have unanimously voted for the bourse to transform from a member-owned exchange to a publicly-quoted company

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN20R1ZU

(Reuters) - Russia has opposed Saudi Arabia's plan to deepen OPEC+ cuts by 1.2 million barrels per day, a Wall Street Journal reporter said in a tweet here on Wednesday, citing sources.

Mcy56:
Fbnh leaped with whooping 50kobo today to close at 5.65.
I knew it will reverse up with the crazy bids below 4.50.
The moneybag with 30M single bid below 4.50 has been surfacing regularly these days. Another 20M moneybag joined him. If something is not after them, then they're after something. That was how 100M single bid was pursuing it at btw N3-N4 then, the guy must have smiled to the bank when it hit N12.
Only dicerning mind can understand this ......but someone said it's fake bid.

** Na my own I just talk o, not promoting Fbnh, I dont even have it.......but I think whosoever is interested could set his/her trap at N4 region again, if fear go gree you.*

stcool:
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN20R1ZU

(Reuters) - Russia has opposed Saudi Arabia's plan to deepen OPEC+ cuts by 1.2 million barrels per day, a Wall Street Journal reporter said in a tweet here on Wednesday, citing sources.

Na wish dey be

pluto09:



If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

Daily money

Chibuking81:
@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

Chai. Wetin Access do you naa

If interested in the image check my signature

pluto09:



If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

No ooo. We appreciate the work madam does here. In my opinion, being an investor has nothing to do with monitoring NSE on daily basis or not. It's a thing of the mind.

OBAGADAFFI:

The board of directors of 11 Plc. (formerly Mobil Oil Nigeria Plc.) has approved the voluntary delisting of the oil firm from the Nigerian Stock Exchange. This followed the resolution of the company to restructure its business by expanding into the real estate sector. However, its real estate unit will be transferred to a new subsidiary; 11 Hospitality, while 11 Plc. will focus more on the downstream sector of the business.

The decision to delist will be subject to shareholders’ approval at the Annual General Meeting, scheduled for June 3 2020. The shareholders’ also have a 90-day window to decide the exit plan on offer to shareholders.

At this rate, there will soon be no non-banking stocks again on the bourse. Like a member said, its time for NSE and SEC put on their thinking cap to deepen the market. This is not good at all for investors and country at large.

pluto09:



If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

...you then log in later and see that your capital is wiped off....

rebekah2011:
Not all banks can fold at any time. Any business that is badly run no matter how systemic important it is, it will go down. Gtbank and Zenith bank the way they are currently being managed cannot fold up any minute. There has to be signs at first.

Lehman Brothers Holdings Inc was a global financial services firm. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), doing business in investment banking, equity and fixed-income sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.

https://en.m.wikipedia.org/wiki/Lehman_Brothers.

If lehman brothers with their over 150yrs strong banking records and stringent US regulations can go down.

Is it now GTB & ZENITHBK of yesterday with their audio earnings that won't go down.

Ask yourself where is the almighty Firstbank, Union Bank and United Bank of Africa today.

PETERiCHY:


Lehman Brothers Holdings Inc was a global financial services firm. Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), doing business in investment banking, equity and fixed-income sales and trading (especially U.S. Treasury securities), research, investment management, private equity, and private banking. Lehman was operational for 158 years from its founding in 1850 until 2008.

https://en.m.wikipedia.org/wiki/Lehman_Brothers.

If lehman brothers with their over 150yrs strong banking records and stringent US regulations can go down.

Is it now GTB & ZENITHBK of yesterday with their audio earnings that won't go down.

Ask yourself where is the almighty Firstbank, Union Bank and United Bank of Africa today.

This Peter won't kee somebori

@ Peterich since you know that all stock can possibly go down, why are you still participating in stock business? You would have allowed those with interest to keeping on investing, remember one of the slogans, never invest what you can't afford to lose. If you are seen as audio eps the Zenith bank and GTB bank at #19+ and #24+ , with #2.80 kobo final dividend each from their EPS of #6 +. Which an investors who invested in them can recover his initial capital on or before 10 years.
That mean you have turn NSE to gambling ground, equivalent to nairabet. As far as am concern NSE is for investors, jijo always get their hands burnt once there is major bear. And most of them withdraw their money without coming back again.
But investors who keep on investing certain amount monthly from his/her salary or proceeds from his/her business will never regret investing, because irrespective of rise and fall he keep on investing in a particular company, as long as that company keep on releasing good result with good dividend, Ucap, afriprudent, Vitafoam , investors will get back their initial capital within 7/8 years, and 4/5 years on some of the shares they bought lower before the increase in price.

Chibuking81:
@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

Caverton and cutix here

Caverton has a strong competition in their area.

Chibuking81:
@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

Who will give us daily updates?. Abeg madam you're doing well ooo. Please sir, don't discourage her regarding NSE live updates. We appreciate it and it's really helpful.

emmanuelewumi:



You are the guy who complained about the stock market sometimes last week.
After which messages of people who tried to explain workings of the stock market to you were deleted and the contributors were banned. I was also banned last week, before I complained to the moderators.


What you are trying to market won't fly here

....

I no dey market anything Pls o. All man for.himself

pluto09:
If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

Hhmmm..
Well, I followed market to give updates mostly and to do jijo sometimes, sometimes I don't perform any activity in the market for weeks.
Anyway, you said well. Thank you.

The problem with following the market bumper to bumper is coronary heart problems that may ensued.
Panic here is real and overwhelming.
Please trade safely. Have a positive mien about life generally. Get closer to God.

11 plc, despite being on full bid today, still closed with its reference price. I think anyone who is risk tolerant can buy at current price tomorrow (if possible) because the major owners would definitely make a good offer to the ordinary shareholders.

In my opinion, I see nothing wrong with following the market on a daily basis if one has the time and flair for it. Most gurus here tend to perceive it as a ''sin'', whereas it is something that is commonly practised in advanced markets around the world. In fact, many traders in the US trade for a living and they monitor price movements in order to take positions when necessary.

As for me, I'm dynamic in my approach. I have stocks for short, medium and long term purposes in my portfolio and they all serve different needs. I follow the market movement as well, but I have a plan and I stick to it. It was my online presence in the market that gave me the opportunity to buy good units of some of the stocks that reached 52-week low on Thursday and Friday at even lower prices. For example; I bought ETI @N4.90, Eternal Oil @N1.90k, WEMA @ 52k etc. While some did not close at 52-week low but touched some sweet lows intraday. Bought FCMB@1.58, FIDELITY@1.80

Chibuking81:
@ Peterich since you know that all stock can possibly go down, why are you still participating in stock business? You would have allowed those with interest to keeping on investing, remember one of the slogans, never invest what you can't afford to lose. If you are seen as audio eps the Zenith bank and GTB bank at #19+ and #24+ , with #2.80 kobo final dividend each from their EPS of #6 +. Which an investors who invested in them can recover his initial capital on or before 10 years.
That mean you have turn NSE to gambling ground, equivalent to nairabet. As far as am concern NSE is for investors, jijo always get their hands burnt once there is major bear. And most of them withdraw their money without coming back again.
But investors who keep on investing certain amount monthly from his/her salary or proceeds from his/her business will never regret investing, because irrespective of rise and fall he keep on investing in a particular company, as long as that company keep on releasing good result with good dividend, Ucap, afriprudent, Vitafoam , investors will get back their initial capital within 7/8 years, and 4/5 years on some of the shares they bought lower before the increase in price.

I Like to value banks based on their dividend yield numbers. It's difficult to ascertain the impact of the retained part of their earnings to business growth say 5-10 years if they are expected to maintain or grow their deposit books over time.

And so to keep things simple and to have a margin of safety, I simply regard those retained earnings as 'not for me' while banking on the cashflows from regular dividends.

It sounds crazy but that's how I can sleep peacefully well at night knowing that my funds are in safe hands and if they remain solvent enough, my capital through the effects of compounding will be handed back to me on a yearly basis...forever.

Any additional pricing in valuation from Mr. market becomes an icing over the cake or better still, Parte after Parte

pluto09:



If you want to be an investor, you have to unlearn this habit of following NSE live on daily basis....

Coming from a ban by the moderators for reasons unknown to me, let me join in this debate.

No sir, with all due respect.
Warren Buffett the greatest investor of our time still monitors the market on a daily with researchers working tirelessly for him every minute in Berkshire Hathaway.
It is by following the market that he has just bought into Delta Airlines in the US because airlines are doing badly due to cancellation of flights occasioned by corona (when they bounce back you know the real winner); same way some smart folks cherry-picked FBNH at N4.50 on Monday.
If I recall, she even sounded that FBNH alarm in her live updates.

To be an investor, what she needs to unlearn is the temperament or emotional attachment of a jijoist which makes up the greater part of her currently. If she can achieve a change in paradigm to 80% investor, 20% jijoist temperament, she is good to go.

Everyone (investors and jijoists) needs to keep tabs on the market as often as possible to take full advantage of the opportunities it presents, and to rebalance their portfolio when the fundamentals of a once sound long term company in the portfolio begins to show signs of failure.

Coolcash1:


At this rate, there will soon be no non-banking stocks again on the bourse. Like a member said, its time for NSE and SEC put on their thinking cap to deepen the market. This is not good at all for investors and country at large.

The stock was listed for about 40 years, less than 3 years when a new core Investor came in they planned delisting the company.

Something must be wrong with the new core Investor.

After delisting 11plc, I see them merging with NIPCO plc

Mcy56:

Hhmmm..
Well, I followed market to give updates mostly and to do jijo sometimes, sometimes I don't perform any activity in the market for weeks.
Anyway, you said well. Thank you.

I see you more as a trader and I don't think that is bad.
A trader can be successful just like an investor . .
Being a successful trader or investor requires different strategies and skills.
Monitoring live trades everyday is for trader and not for investors ( I never said that is bad or wrong)

An investor is more concerned with what is happening in the company he has invested and not the daily fluctuations in price. He can monitor is investment by following his companies with evaluation of quarterly reports and the economy at large.
The only time he will be active in the market is when he has identified a stock to buy or to sell so as to get the best bargain.

emmanuelewumi:




The stock was listed for about 40 years, less than 3 years when a new core Investor came in they planned delisting the company.

Something must be wrong with the new core Investor.

After delisting 11plc, I see them merging with NIPCO plc

new core investors are Indians and they dont like sharing their money with people

aremso:


new core investors are Indians and they dont like sharing their money with people

it would really be woe on Nigerians if after Dangote refinery comes on line and his core distributors comprise mainly indian companies, as defacto heads of petroleum marketing are running away from the new scheme of things to come

OakPearl:


Coming from a ban by the moderators for reasons unknown to me, let me join in this debate.

No sir, with all due respect.
Warren Buffett the greatest investor of our time still monitors the market on a daily with researchers working tirelessly for him every minute in Berkshire Hathaway.
It is by following the market that he has just bought into Delta Airlines in the US because airlines are doing badly due to cancellation of flights occasioned by corona (when they bounce back you know the real winner); same way some smart folks cherry-picked FBNH at N4.50 on Monday.
If I recall, she even sounded that FBNH alarm in her live updates.

To be an investor, what she needs to unlearn is the temperament or emotional attachment of a jijoist which makes up the greater part of her currently. If she can achieve a change in paradigm to 80% investor, 20% jijoist temperament, she is good to go.

Everyone (investors and jijoists) needs to keep tabs on the market as often as possible to take full advantage of the opportunities it presents, and to rebalance their portfolio when the fundamentals of a once sound long term company in the portfolio begins to show signs of failure.

I can bet you Warren Buffett doesn't have anyone in his books sitting behind computers monitoring daily fluctuations in prices of his stock investment.
His Researchers are busy pouring over companies annual reports and visiting those companies to ask further questions.

You don't identify a good company by looking at share prices on daily basis.
Buffet did not just buy Delta airlines , he has identified the company as a good one and has been buying since 2016. The pullback occasioned by the corona virus jus afforded him an opportunity to buy a great company selling at a good price.

An investor doesn't just wake up in a day and decides to buy a stock just because price is falling. Rather he would have done the necessary homework on that stock and was only waiting for the price to be right before he strikes.

Being an investor and a trader is not impossible but requires greater discipline.
The daily noise in the market offers no help to an investor.

seyisanya:
In my opinion, I see nothing wrong with following the market on a daily basis if one has the time and flair for it. Most gurus here tend to perceive it as a ''sin'', whereas it is something that is commonly practised in advanced markets around the world. In fact, many traders in the US trade for a living and they monitor price movements in order to take positions when necessary.

As for me, I'm dynamic in my approach. I have stocks for short, medium and long term purposes in my portfolio and they all serve different needs. I follow the market movement as well, but I have a plan and I stick to it. It was my online presence in the market that gave me the opportunity to buy good units of some of the stocks that reached 52-week low on Thursday and Friday at even lower prices. For example; I bought ETI @N4.90, Eternal Oil @N1.90k, WEMA @ 52k etc. While some did not close at 52-week low but touched some sweet lows intraday. Bought FCMB@1.58, FIDELITY@1.80

You got the drift,that's a peaceful margin of safety there.Am sure you would sleep better than those clamouring ,buy more uacn at 11,more wapco at 16 and so on.
Stocks have always come down and they surely will,but patience is the key.
Before buying any stock,one should always think of how much you stand to loose(incase your analysis is wrong),rather than how much you stand to gain

Should an investor in Zenith bank or Gtbank be disturbed when the prices keep dropping or this should spur him or her to buy more knowing fully well that the banks have been performing better year on year. I have been looking at Dangote cement for a while now, the latest results is not that encouraging as many indicators of the company's results did not make me excited but at N100 / N120 it will be too good for me to ignore. Ditto with MTN at any price below N100 will be a good entry price. Whenever I achieve (100% gains) if I am able to, in any of these company's. I will book my capital and find other opportunities around the investment space. Should I also look at the prices every day? Yes, I do and do I read the financials? Yes I do but not as much as I will want to because my holdings in them have not yet reached 10% or 5%. Please monitor your investments oooo.

pluto09:



I see you more as a trader and I don't think that is bad.
A trader can be successful just like an investor . .
Being a successful trader or investor requires different strategies and skills.
Monitoring live trades everyday is for trader and not for investors ( I never said that is bad or wrong)

An investor is more concerned with what is happening in the company he has invested and not the daily fluctuations in price. He can monitor is investment by following his companies with evaluation of quarterly reports and the economy at large.
The only time he will be active in the market is when he has identified a stock to buy or to sell so as to get the best bargain.

aremso:


new core investors are Indians and they dont like sharing their money with people

They don't like the scrutiny which NSE, SEC, FIRS and others will subject them to

maishai:


it would really be woe on Nigerians if after Dangote refinery comes on line and his core distributors comprise mainly indian companies, as defacto heads of petroleum marketing are running away from the new scheme of things to come

MRS, Conoil, Forte Oil, Oando etc are Nigerian owned businesses